# FFO / AFFO (REIT) Schedule

Funds-from-operations and adjusted FFO bridge for REIT models.

- Canonical: https://finamodel.com/schedules/ffo-affo
- Group: Sector-Specific
- Found in: 1 models
- Sheet-name variants: FFO_AFFO, FFO & AFFO

## About this FFO and AFFO schedule

An FFO and AFFO schedule adjusts net income for real estate depreciation, gains or losses, maintenance capex, straight-line rent, and other REIT-specific items. It converts accounting earnings into cash-flow-oriented metrics used by REIT investors.

Use this free Excel FFO and AFFO schedule preview to compare REIT model layouts for funds from operations, adjusted FFO, payout ratios, and per-share metrics. It is useful for real estate investment trusts, property portfolios, and public market valuation work.

## Source models

- [reit-portfolio](https://finamodel.com/templates/reit-portfolio-model) - sheet: FFO_AFFO

## Related schedules

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- [Cap Table](https://finamodel.com/schedules/cap-table) - Ownership by round with conversions and dilution to exit.
- [Regulatory Capital (Bank)](https://finamodel.com/schedules/regulatory-capital) - RWA, CET1 and capital-adequacy schedule for bank models.
- [AUM Rollforward](https://finamodel.com/schedules/aum-rollforward) - Assets-under-management flows, market returns and fee base.
- [Insurance Premiums & Claims](https://finamodel.com/schedules/insurance-premiums-claims) - Premium build with loss ratios, claims and reserve development.
- [Production & Pricing](https://finamodel.com/schedules/production-pricing) - Volume and commodity-price build for energy, mining and resources.